vi. Lessee and Lessor (or their authorized agents) shall execute certificates of
acceptance of delivery and acceptance of redelivery of the Aircraft prior to each use of
the Aircraft by Lessee and following redelivery of the Aircraft to Lessor after such use by
Lessee. Following each use by Lessee hereunder, the Aircraft shall be returned to the Base
of Operation by Lessee.

     b. Compliance with Laws. Lessee shall not use or cause or permit the Aircraft to be
used in any way inconsistent with state, federal or international law or the law of any place to
which the Aircraft may go, or contrary to any manufacturer’s operation manuals and instructions, or
in violation of any airworthiness certificate, license or registration. Lessee shall not use or
cause or permit the Aircraft to be used in any way that would endanger the registration or
airworthiness of the Aircraft.

     c. Compliance with Insurance. Lessee shall not operate the Aircraft or permit or
suffer the Aircraft to be operated in conflict with the terms of the insurance coverage pursuant to
Section 8 of this Agreement. Lessee shall abide by all geographical limitations of such insurance.

**3. RENT, TAXES AND PAYMENTS**

     a. Rent. As rent for the lease of the Aircraft, the Lessee shall pay to the Lessor
the amounts set forth in Schedule 1 (“Rent”). Lessee will pay Rent to Lessor no later than the
15th day of the calendar month for the rental activity in the preceding month.